Hertz 2013 Annual Report Download - page 156
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Table of Contents
Net cash provided by (used in) operating activities $(877.8)
$ 600.6
$3,792.7
$(775.3)
$2,740.2
Cash flows from investing activities:
Net change in restricted cash and cash equivalents 12.0
11.0
(264.6)
—
(241.6)
Revenue earning equipment expenditures (87.7)
(765.0)
(8,760.1)
—
(9,612.8)
Proceeds from disposal of revenue earning
equipment 79.4
276.3
6,769.4
—
7,125.1
Property and equipment expenditures (173.1)
(33.9)
(90.1)
—
(297.1)
Proceeds from disposal of property and equipment 67.4
11.7
42.9
—
122.0
Capital contributions to subsidiaries (2,989.7)
—
—
2,989.7
—
Return of capital from subsidiaries 3,106.7
99.6
—
(3,206.3)
—
Loan to Parent from Non-Guarantor —
—
(385.1)
385.1
—
Acquisitions, net of cash acquired (1,708.5)
(196.6)
(0.1)
—
(1,905.2)
Proceeds from disposal of business —
—
84.5
—
84.5
Other investing activities —
—
(1.8)
—
(1.8)
Net cash provided by (used in) investing activities (1,693.5)
(596.9)
(2,605.0)
168.5
(4,726.9)
Cash flows from financing activities:
Proceeds from issuance of long-term debt 2,210.0
—
27.3
—
2,237.3
Payment of long-term debt (650.4)
—
(301.7)
—
(952.1)
Short-term borrowings:
Proceeds —
—
438.4
—
438.4
Payments (26.8)
—
(1,253.3)
—
(1,280.1)
Proceeds under the revolving lines of credit 2,820.0
3.6
3,640.0
—
6,463.6
Payments under the revolving lines of credit (2,600.0)
(4.9)
(2,585.6)
—
(5,190.5)
Capital contributions received from parent —
—
2,989.7
(2,989.7)
—
Loan to Parent From Non-Guarantor 385.1
—
—
(385.1)
—
Payment of dividends and return of capital (25.0)
—
(3,981.6)
3,981.6
(25.0)
Proceeds from employee stock purchase plan 4.3
—
—
—
4.3
Loan from Hertz Global Holdings, Inc. (13.2)
—
—
—
(13.2)
Purchase of noncontrolling interest (38.0)
—
—
—
(38.0)
Payment of financing costs (35.2)
(3.3)
(10.9)
—
(49.4)
Net cash provided by (used in) financing activities 2,030.8
(4.6)
(1,037.7)
606.8
1,595.3
Effect of foreign exchange rate changes on cash and
cash equivalents —
—
5.7
—
5.7
Net change in cash and cash equivalents during the
period (540.5)
(0.9)
155.7
—
(385.7)
Cash and cash equivalents at beginning of period 565.1
7.4
358.7
—
931.2
Cash and cash equivalents at end of period $ 24.6
$ 6.5
$ 514.4
$—
$ 545.5
152
Source: HERTZ CORP, 10-K, March 31, 2014 Powered by Morningstar® Document Research℠
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